Allowed
Valley Iron and Steel Co. Limited v. Assistant Commissioner of Income Tax Central Circle 5, & Anr.
Delhi HCW.P.(C)/13455/2024
Case brief
AI extract
What is this about?
Delhi HC allowed a writ petition challenging reassessment initiation under Section 148A(d) and notice under Section 148 of the Income Tax Act, 1961. The court quashed the order and remanded the matter to the Assessing Officer to allow the petitioner a hearing and opportunity to reply to the notice under Section 148A(b) before proceeding.
What did the court decide?
Order dated 29 August 2024 under Section 148A(d) and notice dated 30 August 2024 under Section 148 were quashed. Matter remanded to AO to provide hearing and opportunity to reply to notice under Secti